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Agnico Eagle Issued Warrants in Connection With Loan Agreement With Orla Mining Ltd. Financing

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: PR Newswire
(All amounts expressed in Canadian dollars unless otherwise noted) TORONTO, Jan. 7, 2020 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle") announced today that it was issued (the "Issuance") 10,400,000 common share purchase warrants (the "2026 Warrants") of Orla Mining Ltd. (TSX-V: OLA) ("Orla") on December 18, 2019 in connection with, and as consideration for the funding commitments provided by Agnico Eagle under, the previously announced loan agreement dated December 18, 2019 (the "Loan Agreement") between, among others, Orla and Agnico Eagle.  Each 2026 Warrant entitles the holder to acquire one Common Share at a price of $3.00 at any time prior to December 18, 2026.Prior to the Issuance, Agnico Eagle owned 17,613,835 Common Shares and 870,250 common share purchase warrants of Orla entitling holders to acquire one Common Share at a price of $2.35 at any time prior to February 15, 2021 (the "2021 Warrants"), representing approximately 9.47% of the iss Show less Read more
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